AECI LIMITED
(Incorporated in the Republic of
South Africa)
(Registration Number:
1924/002590/06)
Share code: AFE ISIN:
ZAE000000220
Hybrid code: AFEP ISIN:
ZAE000000238
Bond company code: AECI
(“AECI” or “the Company”)
DEALINGS IN SECURITIES BY DIRECTORS,
GROUP COMPANY SECRETARY, DIRECTOR OF A MAJOR SUBSIDIARY AND
PRESCRIBED OFFICERS
In compliance with the JSE Limited (“JSE”) Listings Requirements
(“Listings Requirements”), the following information is
disclosed:
In terms of the rules of the AECI Long-Term Incentive Plan (the
“LTIP”), participants were allocated performance shares in
2016. The performance shares vest on the third anniversary of
the allocation date, resulting in the 2016 tranche vesting on
Sunday, 30 June 2019. The LTIP rules provide that, where the
vesting date falls on a day other than a business day, vesting must
occur the following business day, which in this case is today,
Monday, 1 July 2019. Accordingly, Avior Capital Markets
Proprietary Limited, which purchased the shares on behalf of the
LTIP, delivered the shares to the participants today.
The participants include the Company’s Directors, the Group
Company Secretary, a Director of a major subsidiary and Prescribed
Officers who received their shares as follows:
| Name |
Position |
Number of vested
shares |
| Mark Dytor |
Chief Executive,
AECI |
39
269 |
| Mark Kathan |
Chief Financial
Officer, AECI |
28
910 |
| Nomini Rapoo |
Group Company
Secretary, AECI |
7
434 |
| Edwin Ludick |
Director of AECI
Mining Solutions Limited, a major subsidiary of the Company |
14
861 |
| Dean Murray |
Prescribed Officer,
AECI |
8
732 |
| Dean Mulqueeny |
Prescribed Officer,
AECI |
8
578 |
The Company’s interim financial reporting period ended on
30 June 2019 and the Company will be
in a closed period until the publication of its results for this
reporting period on or about 24 July 2019.
Dispensation from the requirements of paragraphs 3.67 and 3.69
of the Listings Requirements was obtained from the JSE for Messrs
Dytor, Kathan, Ludick, Mulqueeny and Murray and for Ms Rapoo to
deal in AECI’s securities since no discretion was available to them
in the vesting process.
Woodmead, Sandton
1 July 2019
Sponsor: RAND MERCHANT BANK
(A division of FirstRand Bank Limited)